TheDinarExchange.com

$995 Dinar Sale!!

Dinar on Sale – $995 per million (shipped). Free FedEx shipping included (CONUS only). If you would like to place an order, please call 615-509-6256 (or text) or e-mail us at DinarUpdates@icloud.com

The International Monetary Fund expects stable and accelerating growth in the Iraqi economy until 2030.

The Iraqi economy is poised for a more stable growth trajectory in the coming years, following a slight contraction of 0.2% in 2024, according to data from the International Monetary Fund.

According to the “Al-Sharq” website, the fund predicted that the country’s economy would return to growth in 2025 at a rate of 0.5%.

The IMF estimates show a marked acceleration in the pace of growth starting from 2026 to 3.6%, the same rate expected for 2027, before rising to 3.9% in 2028, and then 4.1% for both 2029 and 2030.

The International Monetary Fund predicted last October that Iraq would rank fourth among the largest economies in the Arab world by 2030.

According to the report, Saudi Arabia tops the list as the largest Arab economy with a GDP of $1.6 trillion, followed by the United Arab Emirates in second place with about $764.8 billion, and then Egypt in third place with $589.8 billion.

Iraq comes in fourth place, with an expected GDP of $345.9 billion, continuing its advanced position among Arab economies supported by the energy and oil sector and reconstruction and development projects, ahead of Algeria, which came in fifth with a total of $309 billion, followed by Qatar in sixth place with $296.8 billion, Morocco in seventh place with $241.9 billion, and then Kuwait in eighth place with $190.1 billion.

The last places on the list were occupied by the Sultanate of Oman with a total of $133.3 billion, followed by Jordan in tenth place with $73.6 billion.

The report indicated that Arab economies are experiencing varying paths of growth, driven by economic reforms, expanding investments in renewable energy, tourism, and technology, along with efforts to diversify away from dependence on oil as a primary source of revenue.

Shafaq.com

Preliminary “unofficial” results of the parliamentary elections in Baghdad, Babylon, and Maysan

An informed source revealed on Wednesday preliminary “unofficial” results for the parliamentary elections in the governorates of Baghdad and Babylon, within the general vote that took place on Tuesday, indicating that the results do not include the special vote and are subject to change after it is added.

The source told Shafaq News Agency that “the initial results in Baghdad Governorate showed that the Reconstruction and Development Coalition obtained more than 250,000 votes, winning 15 seats, while the State of Law Coalition obtained more than 200,000 votes, winning 10 seats, and the Sadiqun bloc obtained more than 100,000 votes, winning 5 seats.”

He added that “the State Forces Alliance obtained more than 80,000 votes and 4 seats, and the Foundation Alliance obtained more than 70,000 votes and 4 seats, while the Rights Bloc obtained more than 50,000 votes and 2 seats, and the Badr Bloc obtained more than 50,000 votes and 2 seats as well.”

Regarding the Sunni blocs, the source indicated that “the Progress Party obtained more than 150,000 votes and 8 seats, while the Azm Party obtained more than 70,000 votes and 3 seats, and the Sovereignty Party obtained more than 70,000 votes and 3 seats.”

He explained that “other blocs such as Al-Hasm, Ishraqat Kanoun and Al-Khidmat received between 20,000 and 35,000 votes, which gave each of them one or two seats.”

Regarding Babil Governorate, the source explained that “the initial results included only the general vote, as the number of voters reached about 408,000 votes, distributed among the electoral lists as follows: the Reconstruction and Development Coalition more than 75,000 votes (3 seats), the Sadiqun Bloc more than 70,000 votes (3 seats), the State of Law Coalition and Ishraqat Kanun more than 50,000 votes (two seats each), while the State Forces and Services Alliance and Badr obtained more than 50,000 votes each, which qualifies them to obtain one parliamentary seat for each alliance.”

In Maysan Governorate, according to the same source, the results showed that the Reconstruction and Development Coalition topped the lists with 60,000 votes, followed by the Badr Bloc with 32,000 votes, while the State of Law Coalition and the Sadiqun Bloc each received 29,000 votes.

The State Forces Alliance received 27,000 votes, the Rights Movement received 11,000 votes, while independent MP Raed Al-Maliki received about 9,800 votes.

The source concluded by saying that “these results are preliminary and subject to change, as the number of votes and seats will change after the special voting results are added to the final totals.”

The number of seats allocated to Maysan Governorate is 10 seats, and they will be distributed among the lists according to the Sainte-Laguë 1.7 system after calculating the final results, including the special voting votes, which may cause changes in the final seat ranking.

The preliminary results are scheduled to be officially announced by the Independent High Electoral Commission 24 hours after the closing of the ballot boxes.

Shafaq.com

Iraq exports more than 2 million tons of oil derivatives in 3 months

Iraq’s State Oil Marketing Company (SOMO) announced on Wednesday that Iraq exported more than 2 million tons of oil derivatives during the third quarter of 2025.

The company said in a statistic seen by Shafaq News Agency that Iraq exported 2 million, 330 thousand, 838 tons of oil derivatives in the period from July to September 2025, recording a decrease of 20.5 percent compared to the same period in 2024, in which exports amounted to 2 million, 931 thousand, 419 tons.

SOMO added that fuel oil exports amounted to 2,117,737 tons during the third quarter, while naphtha topped the list with 201,964 tons, in addition to the export of jet fuel with a quantity of 11,137 tons.

The company explained that naphtha is an intermediate material used in the petrochemical industry, such as in the manufacture of ethylene or the production of aromatics, or to produce benzene through reforming or isomers within the refinery.

Shafaq.com

Kurdistan Democratic Party: The party came in first place in the Iraqi elections.

Ali Hussein, an official in the Kurdistan Democratic Party’s organizational office in Sulaymaniyah, Halabja, and Raparin, confirmed on Wednesday that the Kurdistan Democratic Party topped the results of the Iraqi parliamentary elections and obtained first place in the number of votes.

Hussein said during a press conference attended by Shafaq News Agency that “the Kurdistan Democratic Party is the first party in Iraq and has obtained the first rank in the number of votes,” explaining that “the party’s votes in Sulaymaniyah Governorate increased by about 20,000 votes compared to the previous elections.”

He added that “the Patriotic Union of Kurdistan did not move towards forming the government because it was convinced that it would get more votes in the Iraqi parliamentary elections,” noting that “the differences between the two parties date back to 1964, and we gained nothing from that civil war but mutual harm.”

Hussein also pointed out that “joint work between the representatives of the Kurdistan Region in Baghdad and the region serves the interest of everyone,” stressing that “the people of Sulaymaniyah do not hate the Kurdistan Democratic Party, but rather expect a lot from it, and I believe that the door to cooperation and openness in this region is now close.”

He concluded by saying: “As a Kurdistan Democratic Party, we want to work with all parties in Baghdad, but some parties do not want to do that. Nevertheless, we will remain committed to the principle of partnership and joint action to serve the Kurdistan Region and Iraq in general.”

The Prime Minister of the Kurdistan Region, Masrour Barzani, announced on Tuesday evening that the Democratic Party had surpassed the one million vote mark as a preliminary result in the general election, while the President of the Region, Nechirvan Barzani, congratulated them on this victory.

The cities of the Kurdistan Region participated in the general voting process that took place in the 2025 Iraqi parliamentary elections, amid a relatively high participation rate by the citizens of the region’s cities.

Shafaq.com

Deposit growth slowed and credit volume increased in Iraq in September.

The Central Bank of Iraq announced on Wednesday that it had recorded a decline in the growth of deposits at banks operating in Iraq for the month of September, while the growth of credit increased.

An official statistic, seen by Shafaq News Agency, showed that total deposits amounted to 113.928 trillion dinars, registering a decrease of 1.82% compared to August, in which deposits amounted to 115.997 trillion dinars.

Central government deposits amounted to 35.398 trillion dinars, public institutions deposits to 25.531 trillion dinars, while private sector deposits reached 52.999 trillion dinars.

In contrast, credit volume growth increased by 0.57% to reach 73.942 trillion dinars in September, compared to 73.521 trillion dinars in August.

Credit extended to the central government amounted to 26.392 trillion dinars, to public institutions 2.431 trillion dinars, while credit extended to the private sector reached 45.119 trillion dinars.

These data show that Iraqi banks continue to support credit, despite the decline in the growth of deposits, in light of the current economic conditions.

Shafaq.com

A source clarifies: There will be no change to the exchange rate, and the Central Bank continues to defend it.

A source clarifies – There will be no change to the exchange rate and the Central Bank continues to defend itSome media outlets reported on a study suggesting a government plan to adjust the exchange rate in the future. However, it turned out that this plan, which was published in studies, did not originate from the central bank and dates back more than ten years.

In this context, a source from the Central Bank confirmed on Tuesday (November 11, 2025) that foreign reserves remain at comfortable levels sufficient to cover imports and enhance the stability of the financial market.

The source explained that “the Central Bank continues to defend the current rate, and that the monetary and financial indicators in the country are stable and support this trend.”

This denial comes after unofficial reports circulated on digital platforms claiming that there was a government intention to adjust the exchange rate in the future.

Burathanews.com

The Central Bank denies rumors of a dinar devaluation.

The Central Bank denied on Tuesday (November 11, 2025) rumors of the dinar’s decline, stressing that they were untrue and were not issued by any official body.

The bank’s media office stated in a statement that “the Central Bank of Iraq denied the news circulating about the expected decrease in the value of the dinar to 4,000 dinars against the dollar, stressing that this information is incorrect and was not issued by any official body within the bank.”

The bank called on the media and citizens to rely only on official sources and to avoid being drawn into rumors aimed at creating financial panic in the market.

Burathanews.com

The commission: Voter turnout exceeded 55 percent.

The Electoral Commission announced on Tuesday evening that voter turnout in the elections held that day reached 54%, noting that more than 12 million voters participated.

According to a document issued by the commission, “The total number of voters for the two days of general and special voting reached approximately 12,003,143 voters out of 21,404,291 voters.”

She added, “The voter turnout exceeds 55%.”

Iraq witnessed on Tuesday (November 11, 2025) the holding of parliamentary elections, the sixth to be held throughout the country since the events of 2003.

Burathanews.com

Oil Price: India races against time to replace Russian crude with Iraqi oil

A report by OilPrice.com on Monday confirmed that India is racing against time to replace Russian crude oil with Iraqi, American, and Emirati oil due to sanctions imposed by the United States, Britain, and other Western countries on Russian crude. The report, translated by the Information Agency, stated that “two Indian refineries purchased a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market, seeking alternatives to Russian crude.”

It added that “Hindustan Petroleum purchased 2 million barrels of West Texas Intermediate crude and 2 million barrels of Murban crude for delivery in December, while another refiner, Mangalore Refinery and Petrochemicals, purchased 1 million barrels of Basra Medium crude, also for delivery in January.”

He added that “the search for alternative oil supplies comes in the wake of the Trump administration’s decision last month to impose sanctions on Rosneft and Lukoil, which together account for half of Russia’s oil exports and a significant portion of India’s imports from the country. The sanctions have sparked a rush to secure supplies before they take effect on November 21, as oil buyers seek loopholes to maintain access to Russian crude at discounted prices.”

Meanwhile, Bloomberg reported an unusual move by two tankers, both subject to EU and UK sanctions, after they conducted a ship-to-ship transfer off the Indian coast last week. Bloomberg stated that one of the tankers, the Elana, had been anchored for two weeks prior to the transfer. Following the transfer, the receiving tanker, the Forties, continued its journey to the Indian port of Kochi, while the Elana sailed to Russia.

Almaalomah.me